US regulator seeks info on banks’ relationships with fintech firms

Odaily News The Federal Deposit Insurance Corporation (FDIC) and two other major U.S. bank regulators want more information about banks' relationships with fintech companies. The FDIC, the Federal Reserve and the Office of the Comptroller of the Currency are asking for details about those arrangements, including those related to deposit, payment and lending products and services. The regulators said in a joint statement Thursday that officials want industry and public input on "the nature and impact of banks' arrangements with fintech companies and effective risk management practices."